The tally of settlements in investor lawsuits topped $7.4 billion worldwide last year, an increase of more than 75 percent year-over-year.
That's according to the folks at ISS Securities Class Action Services, who help institutional investors track and manage claims in litigation. Jeff Lubitz, the managing director of ISS SCAS, and his team are still a week or two away from putting out their annual "Top 100" report, which will provide a deep dive on 2022 settlement activity in the United States and insert new entrants into the top 100 U.S. settlements of all time. But last week they published an overview of the top 10 largest shareholder settlements finalized last year in the United States, as well as a handful of international settlements and deals in investor-related antitrust suits that contributed to the jump in the overall settlement value. Yesterday, the Litigation Daily, a sister publication to Treasury & Risk, caught up with Lubitz to discuss the securities-related settlement landscape.
What stood out about last year's crop of settlements?
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Ross Todd
Ross Todd is the Editor/columnist for the Am Law Litigation Daily. He writes about litigation of all sorts. Previously, Ross was the Bureau Chief of The Recorder, ALM's California affiliate. Contact Ross at [email protected]. On Twitter: @Ross_Todd.
